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On December 31,2025, Kingbird Corporation sold for $130000 an old machine having an original cost...

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Accounting

On December 31,2025, Kingbird Corporation sold for $130000 an old machine having an original cost of $250000 and a book value of $110000. The terms of the sale were as follows:
$26000 down payment
$52000 payable on December 31 each of the next two years
The agreement of sale made no mention of interest; however, 9% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31,2025 rounded to the nearest dollar? (The present value of an ordinary annuity of 1 at 9% for 2 years is 1.75911.)
$117474.
$91474.
$104000.
$182947.
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